The May edition of the FSCA FAIS Newsletter contains a summary of events since the publication of Board Notice 194 of 2017 (the “Fit and Proper” Board Notice) which came into effect on 1 April 2018 and impacted on the RE 1 and RE 5 regulatory exams. The “Fit and Proper” Board Notice contains amended qualifying criteria for these […]
30 June 2017 is the so called DOFA date for candidates who are obliged to write and pass the Regulatory Examinations (REs) within the prescribed period. A candidate’s date of first appointment (DOFA) refers to the time a person was first appointed in the industry. This is regarded as the point of departure to determine […]
30 June 2017 is the so called DOFA date for candidates who are obliged to write and pass the Regulatory Examinations (REs) within the prescribed period. A candidate’s date of first appointment (DOFA) refers to the time a person was first appointed in the industry. This is regarded as the point of departure to determine by when […]
The Legislation Handbook for Level 1 Regulatory Exams provides the legislation specified as relevant to the regulatory exams RE 1 and 5. The Preparation guide includes the qualifying criteria provided by the FSB for these exams. The qualifying criteria are cross-referenced in the Preparation Guide to the relevant sections to be studied in the Legislation Handbook. Shaded […]
That dreaded date is baring its fangs again. Representatives A representative’s Date of First Appointment (DOFA) determines when he or she has to successfully complete the regulatory exam for representatives RE 5. This means that, if you were appointed between 1 January 2015 and 30 June 2015, you are obliged to pass the RE 5 before 30 June 2017. Past experience shows that […]
Documents released in December 2016 reveal that the FSB intends changing no fewer than seven (7) pieces of legislation in the near future, some possibly coming into effect as early as May 2017. Those who have a RE deadline of 30 June 2017 need to take this into account when planning when to write. Legislative changes impact on the […]
A reader recently enquired about the validity of the regulatory exams in view of all the pending new legislation. “Will my RE1 and RE5 certificates still be valid when the new Twin Peaks legislation comes into effect?” The new laws will not be implemented overnight. It will be phased in over time. As this happens, […]
A reader recently enquired about the validity of the regulatory exams in view of all the pending new legislation. “Will my RE1 and RE5 certificates still be valid when the new Twin Peaks legislation comes into effect?” The new laws will not be implemented overnight. It will be phased in over time. As this happens, […]
The new “Level 2” REs and CPD Background Almost exactly six years ago, give or take a day or five, Moonstone presented the very first Level 1 Regulatory Examinations. At that time, it was envisaged that there would be three “levels” of ascertaining a person’s ability to conduct him or herself in a professional manner. The […]
Candidates are reminded that future changes to the laws and regulations governing financial services will affect the question database used for the Regulatory Exams. Once legislation is passed, changes and additions are made to the questions. Past experience has shown that amendments to study material can take some time to effect. It is therefore wise […]
